March 22, 2011

Deutsche Bank appoints Salah Jaidah as its Chief Country Officer in Qatar and its Vice Chairman for the Middle East and North Africa

Deutsche Bank announced today the appointment of Salah Jaidah as its Chief Country Officer (CCO) for Qatar and General Manager of its branch at the Qatar Financial Centre (QFC).

Jaidah has also been appointed as the Bank’s Vice Chairman for the Middle East and North Africa (MENA) region and will be a Member of Deutsche Bank's MENA Executive Committee. Jaidah will report to Ashok Aram, Deutsche Bank’s Chief Executive Officer for the Middle East and North Africa.

Ashok Aram said “We are extremely pleased that Salah has joined our regional management team in a key leadership role and has accepted to lead our operations in Qatar. Deutsche Bank is deeply committed to Qatar and to participating in the very ambitious plans it has for its economy and society. Salah's appointment has been supported and approved by the Management Board of Deutsche Bank AG.”

“Salah brings to Deutsche Bank a wealth of experience and deep insight into the Qatari financial sector, which will positively contribute towards growing our services and offering in Qatar and in connecting Qatar with our global activities.  He will further contribute to Deutsche Bank's long term and committed strategy of growing our business in the Middle East region,” Aram added.

In Qatar, Jaidah replaces Mounir Husseini, who held the CCO position since 2007, and who is leaving Deutsche Bank to pursue other opportunities.

Jaidah was most recently Qatar Islamic Bank’s (QIB) Chief Executive Officer, a position he held since 2005.  Prior to joining QIB, Jaidah was General Manager of Doha Bank, and before that he had a long and distinguished career with the Commercial Bank of Qatar.  

Jaidah is a Board member of the Asian Finance Bank, QINVEST, Aqar Real Estate, amongst others corporations. Jaidah will continue in his current roles as an independent advisor to the Chairman of QIB’s Board and as a non executive board member of some of its subsidiaries.

For further information, please call:

Deutsche Bank AG

Dana Budeiri
Phone: +971 (0)4 428 3860

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 74 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.

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